UBS Group Issues Positive Forecast for Booking (NASDAQ:BKNG) Stock Price

Booking (NASDAQ:BKNG) had its price objective hoisted by UBS Group from $5,560.00 to $5,960.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

BKNG has been the topic of several other reports. Robert W. Baird started coverage on Booking in a research report on Wednesday, November 27th. They set an “outperform” rating and a $5,850.00 price target on the stock. Oppenheimer boosted their target price on shares of Booking from $5,500.00 to $6,000.00 and gave the company an “outperform” rating in a report on Friday, December 6th. StockNews.com upgraded shares of Booking from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. JPMorgan Chase & Co. lifted their price target on shares of Booking from $5,575.00 to $5,750.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Royal Bank of Canada upped their price objective on shares of Booking from $3,900.00 to $5,250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Nine analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5,370.43.

Booking Trading Down 0.6 %

Shares of NASDAQ BKNG opened at $4,989.22 on Friday. The firm has a fifty day simple moving average of $4,903.34 and a two-hundred day simple moving average of $4,551.96. The firm has a market capitalization of $165.14 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39. Booking has a 12 month low of $3,180.00 and a 12 month high of $5,337.24.

Booking (NASDAQ:BKNG) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $41.55 EPS for the quarter, topping the consensus estimate of $35.82 by $5.73. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.18 billion. Booking had a net margin of 21.85% and a negative return on equity of 166.06%. On average, sell-side analysts predict that Booking will post 181.63 earnings per share for the current year.

Institutional Investors Weigh In On Booking

Large investors have recently added to or reduced their stakes in the stock. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Booking during the 4th quarter valued at $25,000. New Wave Wealth Advisors LLC purchased a new stake in Booking during the fourth quarter valued at $25,000. Summit Securities Group LLC bought a new position in Booking in the fourth quarter valued at about $30,000. Bernard Wealth Management Corp. purchased a new position in Booking in the fourth quarter worth about $30,000. Finally, Promus Capital LLC bought a new stake in shares of Booking during the 4th quarter valued at about $35,000. Institutional investors own 92.42% of the company’s stock.

Booking Company Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.